GROW
U.S. Global Investors, Inc.2.3500
-0.0800-3.29%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
No Q&A; gold bull reaffirmed
No live Q&A surfaced, leaving prepared remarks as the sole update for investors. Management reaffirmed average AUM of $1.48 billion and operating revenues up 13% year-over-year to $2.5 million, despite a $0.07 per share net loss from a one-off tax adjustment set for Q3 offset. Buybacks pressed on, nabbing 260,195 shares for $664,000 in Q2, shrinking float 10% over 18 months amid 9.89% shareholder yield. Frank Holmes doubled down on gold's secular bull, eyeing $10B for GOAU. No contradictions or fresh risks aired. Gold momentum rules the thesis.
Key Stats
Market Cap
30.46MP/E (TTM)
33.57Basic EPS (TTM)
0.07Dividend Yield
0.04%Recent Filings
10-Q
Q2 FY2026 results
U.S. Global Investors posted Q2 FY2026 operating revenues of $2.5M, up 12.5% y/y from $2.2M, fueled by USGIF advisory fees that soared on equity fund gains while ETF fees dipped. Operating loss narrowed to $88K from $539K y/y, thanks to 14.9% lower G&A costs, yet Q2 swung to a $846K net loss on $1.4M tax hit from HIVE convertible securities treatment. Net investment income climbed to $541K, buoyed by unrealized equity gains. Cash swelled to $25.2M with $1.0M revolver available; debt stays tiny at $75K notes payable. Share repurchases totaled $665K. Volatility shadows crypto-tied holdings.
8-K
AUM up 12%, net loss
U.S. Global Investors reported Q2 fiscal 2026 results on February 20, 2026, with AUM hitting $1.5B at December 31, 2025—up 12% sequentially to $1.7B by February 19—while operating revenue rose 11.5% to $2.51M. Expenses fell $172K year-over-year, but a $1.3M tax hit on HIVE securities flipped $535K pre-tax income to an $846K net loss. AUM grows steadily. Board approved $0.0075 monthly dividends through March 2026; repurchased 262K shares.
10-Q
Q1 FY2026 results
U.S. Global Investors posted Q1 FY2026 net income of $1.5M ($0.12 diluted EPS), up sharply from $0.3M ($0.02) y/y, fueled by $2.3M net investment income—more than double prior year—versus a $515K operating loss (versus $559K y/y). Advisory fees edged up 4% to $2.3M on higher USGIF assets, though ETFs dipped; expenses ticked higher on compensation and ads, yet G&A fell. Cash holds steady at $24.6M with $1.0M revolver available; minor $75K notes payable. Share repurchases continue. Investment income stays volatile.
8-K
Profit rebounds on gold surge
U.S. Global Investors swung to net income of $1.5 million for the fiscal Q1 ended September 30, 2025, up 378% year-over-year, fueled by $2.3 million investment income and positive fund flows into gold mining strategies amid 47% YTD gold price surge. Average AUM ticked up to $1.4 billion. Shareholder yield doubled Treasuries at 8.32%. Board approved $0.0075 monthly dividends through December.
8-K
FY25 loss on lower AUM
U.S. Global Investors swung to a $334,000 net loss for fiscal 2025 ended June 30, from $1.3 million profit a year earlier, as operating revenues fell 23% to $8.5 million amid average AUM dropping to $1.4 billion. AUM ended at $1.3 billion. SEA ETF now lists in Mexico; GOAU in Colombia. Repurchased 801,043 shares for $2 million.
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